Illinois · Senate Bill 2872 · 104th General Assembly

CONTINGENT DEFERRED ANNUITIES

SB 2872 Sponsored by Julie A. Morrison Became law

  1. Introduced Jan 16, 2026
  2. In committee Jan 16, 2026
  3. Passed the Senate Apr 16, 2026
  4. Passed the House May 21, 2026
  5. To the governor Jun 18, 2026
  6. Became law Jul 24, 2026

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Insurance Code. Provides that specified provisions of the Standard Nonforfeiture Law for Individual Deferred Annuities shall not apply to contingent deferred annuities. Provides that, notwithstanding this exemption, the Director of Insurance shall have the authority to adopt, by rule, nonforfeiture benefits for contingent deferred annuities that are, in the opinion of the Director, equitable to…

Read the full title (85 words)

Amends the Illinois Insurance Code. Provides that specified provisions of the Standard Nonforfeiture Law for Individual Deferred Annuities shall not apply to contingent deferred annuities. Provides that, notwithstanding this exemption, the Director of Insurance shall have the authority to adopt, by rule, nonforfeiture benefits for contingent deferred annuities that are, in the opinion of the Director, equitable to the contract holder, appropriate given the risks insured, and, to the extent possible, consistent with the general intent of the provisions concerning individual deferred annuities. Effective immediately.

Every action

26 steps, oldest first, as the legislature records them.

Show the 18 earlier steps
  1. SenateFiled with Secretary by Sen. Julie A. Morrison
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Insurance · Senate Insurance
  5. CommitteeDo Pass Insurance; 009-000-000 · Senate Insurance
  6. SenatePlaced on Calendar Order of 2nd Reading March 5, 2026
  7. SenateSecond Reading
  8. SenatePlaced on Calendar Order of 3rd Reading March 10, 2026
  9. SenatePlaced on Calendar Order of 3rd Reading ** April 15, 2026
  10. SenateThird Reading - Passed; 057-000-000
  11. HouseArrived in House
  12. HouseChief House Sponsor Rep. Bob Morgan
  13. HouseFirst Reading
  14. CommitteeReferred to Rules Committee · House Rules
  15. CommitteeAssigned to Insurance Committee · House Insurance
  16. HouseAlternate Chief Sponsor Changed to Rep. Margaret A. DeLaRosa
  17. CommitteeDo Pass / Short Debate Insurance Committee; 015-000-000 · House Insurance
  18. HousePlaced on Calendar 2nd Reading - Short Debate
  1. HouseSecond Reading - Short Debate
  2. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3. HouseThird Reading - Short Debate - Passed 108-000-000
  4. SenatePassed Both Houses
  5. SenateSent to the Governor
  6. SenateGovernor Approved
  7. SenateEffective Date July 24, 2026
  8. SenatePublic Act . . . . . . . . . 104-0640

Roll calls

4 recorded votes: 2 on the floor, 2 in committee. Each shows how every member voted.

Third Reading · Full Senate

Passed 57–0
Apr 16, 2026 · journal entry
Yes 57 No 0 Not voting 2
Democrats: 38 yes, 0 no Republicans: 19 yes, 0 no
How each member voted

Yes · 57

Not voting · 2

Third Reading · Full House

Passed 108–0
May 21, 2026 · journal entry
Yes 108 No 0 Not voting 10
Democrats: 73 yes, 0 no Republicans: 35 yes, 0 no
How each member voted

Yes · 108

Not voting · 1

Excused · 9

Committee and other votes

DateWhereQuestionResult
Mar 3, 2026 Senate Insurance Insurance - Do Pass
Members

Yes · 9

Not voting · 5

 9–0
May 5, 2026 House Insurance Insurance - Do Pass
Members

Yes · 15

Not voting · 1

 Passed 15–0

Sponsors

The member who introduced it.

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.